Doing a reasonable family financial planning can improve the family's ability to cope with risks, avoid falling into the dilemma of "being trapped by money" and ensure that they and their families live a stable and worry-free life.
Family financial planning refers to the objective analysis of family financial situation, combined with the macroeconomic situation, starting from the current situation, to design a reasonable asset portfolio and financial goals for families. Family financial management is also an economic activity to manage one's own wealth, thus improving the efficiency of the use of wealth.
What is the goal of family investment and financial management?
First, how to continuously create and accumulate family assets before death, so as to preserve and increase the value of assets without shrinking;
Second, how to smoothly realize the safe and complete transfer and continuation of the assets accumulated by my hard work for most of my life.
Some insiders believe that the risk appetite of China family investors is quite weak, but the demand for wealth management is very strong. When the rigid redemption was broken, family financial management began to be entangled, embarrassed and distressed. In order to preserve and increase the value of family fortune, many families have to choose to hoard houses or re-enter the stock market to confront institutions.
However, due to the single and centralized family asset allocation, it is easy to lead to investment failure, which does not conform to the basic principles of family financial management.
The direct purpose of family financial management is to preserve and increase the value of wealth, but the highest goal of family financial management is to provide for the elderly.
China's family financial management is still in the speculative stage of "short-term speculation to make quick money" and has not yet entered the era of "providing for the aged". Today, China has entered an aging society, with nearly 300 million people over the age of 60.
Some insiders said: "Most families in China are relatively indifferent to pension savings and investment and financial management, and family financial management is still in the stage of' making quick money'. In many western countries,' pension' has always been the highest goal of family financial management. "
Therefore, experts suggest that as time goes into 2020, family financial management should gradually shift from the concept of short-term speculation and quick money to stable medium-and long-term investment and financial management.
Now most families will have a considerable income from working at the end of the year and the beginning of the year. After working hard for a whole year, many people's practice is to save their money and keep the meager interest. Of course, some people spend all their money and enjoy the present.
In the long run, families who can manage money can master more resources and wealth than those who can't. Because having money now doesn't mean having money all the time. Being able to manage money and always having income is the real money.
Because money is relative, maybe you were a relatively rich person ten years ago, but if your money or wealth remains at the original level or even consumed after ten years, then you may have been relatively poor.
No matter what your income is, whether you have money or not, whether your income is high or low, you can make financial planning in time, and achieve the big goal of financial freedom by making money, saving money and Qian Shengqian.
Similarly, your wealth may be late, but it will never be absent. The most important thing in financial management is to start as soon as possible. From now on, every day is earlier.
(1) You should manage your money early, which does not necessarily mean your age.
Whether young people should save money or invest in financial management, a thousand people will have a thousand choices. In my opinion, it doesn't matter what choice we make. We all follow the choices in our hearts and live our own lives.
However, I suggest you make these preparations: in any case, you must have some reserve funds-be calm; Consumer insurance needs to be bought-spend small money to resist big risks; Investing in personal growth is more worthwhile-the return will give you a big surprise; There is no harm in knowing more about financial management knowledge and skills-you can get started quickly when you need it.
(2) Pay attention to the time value of money.
"Today's money is more valuable than tomorrow's money" is actually about the time value of money. Money has time value for two reasons:
1. Money can be used to invest and earn interest, so there will be more money in the future.
Due to the influence of inflation, the purchasing power of money will change with time.
At present, the global financial crisis is still spreading, and many investors are afraid of investing in financial management. Confidence is the most precious thing in the world, but it is hard to buy confidence for a thousand dollars. Those investors who can still maintain their confidence in future economic development and market growth in the crisis, and can calmly face challenges without fear of shocks, will certainly reap the brilliant gift of self-confidence in a few years.
What are the skills of family investment and financial management?
1, planned consumption, moderate consumption?
You can make a good consumption budget in advance, including weekly and monthly expenditure budgets, and try to plan expenditures and consumption according to the budget.
2. Reasonable collocation and diversification of investment risks?
Investment is risky, but the risk can be dealt with. Treatment is to diversify investment risks and reduce investment risks.
3. moderate investment?
To make money, investment is essential, but not all. Moderation is very important. You also need to keep some emergency funds for a rainy day. In addition, investment also needs to focus on the long term, especially long-term investment, which requires perseverance and long-term investment.
4. A rational investment attitude is very important?
Always thinking about the investment of getting rich overnight, it is not investment at all, it is more speculation, or simply "gambling". If you always invest with this mentality, it is impossible for a long time, because investors can't guarantee that this kind of luck will always come to them.
In financial activities, one factor is very important, even decisive, and that is time. Although time can't directly increase income, as long as it is well grasped, it will definitely help ordinary families get rich.
There are two keys to letting time manage family finances. First, we should not lose big because of small things, but rely on time to make many a mickle. The second is to exert the power of compound interest, and remember such a famous financial saying: the most powerful force in the world is not the atomic bomb, but compound interest+time.
Everyone wants to achieve the ultimate goal of "financial freedom", but not everyone can find the "golden key" to achieve financial freedom in life.
Adhere to the long-term wealth growth plan and master the investment skills, so that you can avoid risks and invest safely, and at the same time get steady income! Great wealth is not obtained by hard work, but by a clever mind.